Euroseas (NASDAQ:ESEA) Insider Sells $75,050.00 in Stock

Euroseas Ltd. (NASDAQ:ESEA) insider Symeon Pariaros sold 950 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $79.00, for a total transaction of $75,050.00. Following the sale, the insider directly owned 1,900 shares of the company’s stock, valued at $150,100. The trade was a 33.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Euroseas Price Performance

Shares of NASDAQ ESEA opened at $76.35 on Friday. The firm has a 50-day simple moving average of $73.62 and a 200-day simple moving average of $69.54. The company has a quick ratio of 5.38, a current ratio of 5.46 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $539.03 million, a price-to-earnings ratio of 3.93 and a beta of 0.41. Euroseas Ltd. has a 52 week low of $51.00 and a 52 week high of $79.67.

Euroseas (NASDAQ:ESEA) last posted its quarterly earnings results on Thursday, August 13th. The shipping company reported $4.70 earnings per share for the quarter, topping analysts’ consensus estimates of $4.09 by $0.61. The firm had revenue of $56.50 million for the quarter, compared to analyst estimates of $55.98 million. Euroseas had a net margin of 59.98% and a return on equity of 26.58%. On average, equities analysts predict that Euroseas Ltd. will post 18.03 earnings per share for the current fiscal year.

Euroseas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, September 9th. Euroseas’s payout ratio is currently 16.47%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings raised Euroseas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Wall Street Zen raised Euroseas from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. Finally, Zacks Research cut Euroseas from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Hedge Funds Weigh In On Euroseas

Several institutional investors and hedge funds have recently bought and sold shares of ESEA. Russell Investments Group Ltd. acquired a new stake in shares of Euroseas during the 4th quarter worth approximately $34,000. Bank of America Corp DE lifted its holdings in Euroseas by 387.8% in the second quarter. Bank of America Corp DE now owns 1,117 shares of the shipping company’s stock valued at $50,000 after acquiring an additional 888 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Euroseas by 540.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,280 shares of the shipping company’s stock valued at $76,000 after acquiring an additional 1,080 shares during the last quarter. Quarry LP purchased a new position in Euroseas in the third quarter worth approximately $89,000. Finally, Magnetar Financial LLC purchased a new position in Euroseas in the fourth quarter worth approximately $204,000. 6.27% of the stock is currently owned by institutional investors and hedge funds.

Euroseas Company Profile

Euroseas Ltd. (NASDAQ: ESEA) is an international shipping company specializing in seaborne transportation of containerized and drybulk cargoes. Incorporated in Bermuda with its principal operations and management office based in Athens, Greece, the company owns and charters a diversified fleet of containerships, drybulk carriers and multipurpose vessels. Euroseas provides tailored shipping solutions on time-charter and voyage-charter agreements, serving manufacturers, commodity traders and logistics providers across major trade routes.

Euroseas’s fleet comprises both owned and chartered tonnage, enabling the company to adjust capacity to market conditions and customer requirements.